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Question 1 (1 point) Find the Payback period for the following project: Project X Initial Outlay $8,630 Year 1 $3.940 Year 2 $3,690 Year 3

Question 1 (1 point) Find the Payback period for the following project: Project X Initial Outlay $8,630 Year 1 $3.940 Year 2 $3,690 Year 3 $3,870 Year 4 $7,650 The answer should be calculated to two decimal places

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